EURUSD:
The dollar continues to strengthen, albeit very slowly.
We keep sales from 1.0990. It is possible to sell again at a rebound to 1.0980.
Stop at 1.1035.
About the US budget.
Tonight, February 10, Trump will offer a new annual budget of $4.8 trillion.
The main thing in the budget is an increase in defense spending (a little percentage, + 0.3%, but in money this is a lot with a defense budget of $700 billion); and most importantly, a sharp 5% reduction in social programs, medical insurance for the poor (Medicare Medicaid), as well as a sharp reduction in assistance programs to other countries. The budget includes financing the wall on the border with Mexico.
Why should you pay attention to the budget proposed by Trump? Firstly, while the situation is such that Trump has good chances for a second term, in the camp of Trump's opponents, which is the Democrats, there is no single strong leader. On the other hand, there is a strong struggle between the very left (Sanders and Warren) and the moderate (Biden).
Secondly, democrats demand not only not to reduce state programs of medicine, but to expand them significantly. Consequently, it can be expected that public funding of medicine will become the main battlefield of Trump against the Democrats.
The U.S. presidential election will be in the first half of November 2020.
